📺 Stream EntrepreneurTV for Free 📺

You Can Embrace Green Building Without Breaking the Bank Tenants can affect real change by making the most of existing spaces. Smart retrofits could be as simple as installing energy-efficient lighting and upgrading to functional furniture solutions.

By Justin Lee

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Claudio Fornaciari/EyeEm | Getty Images

Sustainable buildings appeal to commercial tenants for reasons beyond a basic desire to help the environment. As they search for the next ideal office space to lease, entrepreneurs know to watch for verification through Leadership in Energy and Environmental Design, or LEED.

Employees who work in buildings with LEED status are healthier, more productive and more likely to remain longer with their companies. In tandem, business owners have signaled a willingness to spend more on eco-friendly spaces -- and building owners are taking note. It's anticipated that commercial-building owners will spend $960 billion globally by the year 2023 upgrading building infrastructure to meet the U.S. Green Building Council's rigorous LEED standards.

At present, more than 200,000 buildings worldwide are LEED certified. On its face, that isn't a particularly impressive figure. Major metropolitan areas in the United States haven't exactly raced the extra mile to embrace yet another set of codes and guidelines in an industry already rife with regulations. Indeed, part of the reason for the slow march to green is that the LEED program itself only represents one set of standards. Some building owners and developers prefer to focus on Energy Star, for example. Others simply don't see strong enough demand to justify the investment. It takes time, money and other resources to retrofit older buildings or delay newer properties to ensure they're up to the latest, greatest standards.

Related: Solar Energy Has Big Apple Potential But New York Real Estate Entrepreneurs Haven't Seen the Light

Tenants might not realize it, but they can help advance the ball. While property owners decide whether to pursue LEED certification, tenants can adopt meaningful degrees of sustainability in their own rights.

Build green habits.

Do your employees want to bike or jog to work for health or environmental reasons? Investigate the cost to install a bike rack. If that's not an option, consider offering bus passes or bike-share memberships at a discount.

Enforcing steadfast recycling in the workplace is another easy win. Make it company policy to recycle plastic, paper and aluminum or other metals. If you see people abusing the policy, call out the behavior.

Draw up a green lease.

Request to insert green language into your leases. These provisions range from requiring the landlord to monitor and report back on energy efficiency to agreeing to purchase only sustainable building materials for common areas.

Related: 5 Inexpensive Workplace Improvements That Boost Productivity

Upgrade the furniture.

If you're already in the midst of a lease term, you might need to take a more introspective approach. Start by assessing the office layout. Not all open floor plans are equally efficient, and squeezing more people into tinier desk spaces isn't necessarily the answer.

Most large-scale furniture providers such as Steelcase and Knoll offer a free furniture audit. They'll work with you to evaluate how you can use the existing square footage more effectively. Buy furniture designed specifically to maximize usable space, and you'll help your team remain productive as your business become more sustainable.

Related: Think Privacy for Open Office Layouts that Work

Install energy-efficient lighting.

Retrofitting the office system with LED lighting is another relatively inexpensive way to be more green while slashing long-term energy costs. Some LED lighting systems will pay for themselves in as little as three years. Many areas offer tax rebates for firms that make sustainable upgrades. If you plan to remain in the space for a while, it's an investment worth considering.

Related: The Unintended Results of Doing the Right Thing

With so many cost-effective resources available for eco-conscious companies, the decision isn't whether to to green, but when.

Justin Lee

Founder of Crate Warehouse

Justin Lee is the founder of Crate Warehouse, a next-generation warehouse property and operations platform. Lee previously co-founded SquareFoot.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growing a Business

Starting or Growing a Business? Here's How to Know When You Should Hire Your First Employee.

When enlisting help, follow these steps to make the best decision for your company.

Marketing

How AI Is Transforming Keyword Research (and Why You Can't Afford to Ignore It)

Learn how AI tools can streamline keyword research, improve content targeting accuracy and boost SERP rankings. Whether you're a beginner or a seasoned professional, this guide is a must-read for success in the digital space.

Growing a Business

Your Comprehensive Guide to Becoming an SEO Expert – and Making Money While Doing It

Whether you're looking to earn more money or grow your digital presence, becoming an SEO expert could be a major windfall.

Business News

These 'Expressive Avatar' Deepfakes From a Billion-Dollar AI Startup Look Scary Real — Here's Who's Already Using the Technology

Is that a real person or an AI clone? New technology makes it nearly impossible to tell.